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Insuring Reputational Risk
Joe Herbers June 20, 2017 Posted in: Blog Posts, ERM, Insurance / Insurers, Cyber
How does an organization protect itself from reputational risk? Purchasing cyber liability coverage, adding safeguards to its IT systems, ensuring its employees behave in a professional manner both inside and outside the company walls and paying close attention to social media platforms come to mind. But are all of these even enough? Most organizations understand they must plan ahead and be prepared to get out in front of an adverse event to reassure their audiences that business will go on as usual.
Mind Over Matter
Nicole McArdle June 07, 2017 Posted in: Blog Posts, General, Community Involvement

In our fast-paced consulting environment, we need to be quick-witted and use our strong analytical backgrounds. But what if the challenge is physical – are we up for it? Four Seasons Health Club (FSHC) in Bloomington, Illinois recently held Battle 4 BloNo, a community-based fitness competition, to raise money for the Humane Society of Central Illinois (HSCI), Special Olympics and Boys & Girls Club. Pinnacle sent Team “Risky Business,” to participate in the event, which would put our speed and strength to the test. 

Insights on Climate Change Using the Actuaries Climate Index
Zach Brogadir June 06, 2017 Posted in: Blog Posts, General, News
Climate change made headlines this week as a key government decision sparked renewed debates among politicians. It’s a topic that has also sparked serious discussion within the insurance industry and actuaries are being asked to evaluate the potentially serious implications. Our previous blog post examines how climate change could impact the insurance industry and discusses what actuaries are doing to provide unbiased tools to analyze climate data. The Actuaries Climate Index (ACI) measures the changes in climate over time in a single index score. Scores greater than 0 indicate a greater than average frequency of extreme weather such as high temperatures and rising sea levels. The ACI provides a wealth of information from which we can gain key insights into the behavior and impact of climate change that has already been observed.
Actuaries Adapt to Climate Change Using New Tools
Tyler Shalitis June 01, 2017 Posted in: Blog Posts, General, Insurance / Insurers, News
It’s concerning that many indicators of climate change like global temperature or sea levels continue to rise. Fortunately for the insurance industry, actuaries are also rising to the challenges posed by climate change. One recent example is the creation of the Actuaries Climate Index (ACI) and the forthcoming Actuaries Climate Risk Index (ACRI). These indices were created jointly by the American Academy of Actuaries (AAA), Canadian Institute of Actuaries (CIA), Casualty Actuarial Society (CAS) and Society of Actuaries (SOA) to help actuaries address the challenges climate change has created.
Pinnacle U Continually Contributes to the Actuarial Profession
Joe Herbers May 25, 2017 Posted in: Blog Posts, Self-Insured Entities
Pinnacle recently hosted the 4th annual Pinnacle U event in our Bloomington office. Pinnacle U is a collaborative effort between Illinois State University (ISU) and Pinnacle that provides a wide array of training and development opportunities for its participants. The event is also a tangible response to the strategic plan of the Casualty Actuarial Society (CAS), which lists improving communications and relationships with candidates and academics as a top priority.
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